Smes in India

EXECUTIVE SUMMARY Small and fair enterprises (SMEs ) also cognize as small and medium scale enterprises are the internal part of healthy economy. The SME sector represents over 90 percentage of enterprises in most of the developing countries and contribute 40-60 percent of the hail output or value added to the national economy. SME sector in India is the key driver of the nations frugal growth with a contribution of over 40 percent of the countrys industrial output and about 35 percent of direct exports and some other 15 percent of indirect exports. In terms of profession it is a very crucial sector being the number largest sector after agriculture. The growth recorded by SSI in India is 2% more than any other sector; it accounts for 40% of the countrys GDP, 35% of Direct exports, 15% of corroboratory Exports (through Merchant Exporters, Trading Houses & Export Houses) and employs more than 20 one thousand thousand people.

SME sector faces a number of problems - absence of adequate and timely banking finance, limited knowledge and non- accessibility of suitable technology, low production capacity, useless marketing and identification of new markets, constraints on modernization and expansions, non availability of highly skilled labour at affordable cost, take up with various agencies in solving regular activities and deficiency of interaction with government agencies on various matters. SMEs have intemperate technological base, international business outlook, competitive spirit and willingness to restructure them shall withstand the present challenges and come out with shining colors to make their own contribution to the Indian economy. TABLE OF circumscribe INTRODUCTION Small industry has been one of the major planks of Indias economic development strategy since Independence. India accorded high priority to small and medium enterprises (SMEs) from the very beginning and pursued support policies to make these enterprises possible and vibrant and over time, these... If you want to get a all-inclusive essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!